Earnings Releases·Nov 12, 2026, 5:00 PM ET

Diodes, Inc. — Q3 2026 Earnings Summary

Q3 2026 revenue reached $532.6 million, a 36% year-over-year and 20% sequential increase; non-GAAP adjusted net income rose to $54.5 million ($1.18 per share), up from $17.2 million ($0.37 per share) in the prior year quarter.
Full-year 2026 revenue guidance expects a ~30% increase over 2025, with Q4 2026 revenue forecast at approximately $550 million (±3%) and non-GAAP gross margin expected to expand to 37% (±1%).
Strategic capital allocation included a $375 million private placement of 0% convertible senior notes due 2031 and $35 million in stock buybacks; the ElevATE Semiconductor acquisition contributed $29.5 million to inventory additions.
Record performance driven by Automotive (nearly 60% YoY growth), Industrial (50% YoY), and Computing (33% YoY) segments, with management targeting a long-term model of $2.5 billion revenue and 40% gross margin.
Supply constraints persist with extended lead times and tight channel inventory, while AI infrastructure demand continues to offset softness in smartphone and PC markets.